Today was a great day for the Big Players in Ethanol! Cramer's take on ADM pulling back on Earnings was wrong eh? Once people do start taking some profits, it is likely that they will take some and try out some other slots - some more speculative plays with "pin action". Some of these stocks are penny/OTC stocks which are very volitile and can make huge runs when the conditions are right. One of the most popular penny ethanol plays is Veridium (VRDM.ob $0.235/sh) owned largely by Greenshift (GSHF.ob $0.333/sh). Veridium has patented ethanol/biodiesel extraction technologies that they are selling successfully within the ethanol plant building boom. They install their systems at no cost with agreements to buy the corn oil back at a fixed contractual discount for years to come. They project selling 20 of these special extraction systems this year. And they expect to make between $1M-$1.4M a year off of each one. Leaving their other revenue sources aside, that could mean $20M-$28M a year in additional revenues. Right now, their market cap is only $57M. I feel that VRDM is ready for a double or more. Do your research and if interested, make sure you don't buy at the top!
400% return in 1-� months is one reason to speculate. It is kind of fun seeing the account grow that fast. If you are young or can afford to lose the money then speculating can reap great rewards, especially if the company invents �the next big thing.� It should not be stressful, if it is you are using money that does not belong in this kind of stock. Once we realized that this money could be gone tomorrow and just counted it as a loss, it was easier to take the large swings VRDM can go through. It has been a heck of a ride so far, holding and trading once in awhile since .05. Looking forward to going through the $1 price per share.
ADM is good, for most peoples standard, it has been great. We have both.
The going concern has been in the 10K for some time now. This was not the first time it was added. Like previously stated this is a start-up, and funding is going to be tight until up and running. Keep the contracts coming and this is easily a $5 plus stock.
"Veridium incurred a loss of approximately $5.7 million during the year ended December 31, 2005. Also as of December 31, 2005, Veridium had current liabilities exceeding its current assets by $ 5.1 million. These matters caused the Company's auditors to add an explanatory paragraph in their auditors report which raises substantial doubt about Veridium's ability to continue as a going concern."